Sydney Tokyo London New York
real time forex news and technical analysis

ECB extends QE program EURUSD sinks

News by Newsroom on 08:02 EST December 08, 2016
The ECB decided to extend the asset purchase program on Thursday beyond the scheduled end in April and until at least December 2017. The amount of purchases reduces though from 80 Billion a month to 60.

Pound down as industrial output falls by most in four years

News by Allie Longford on 08:42 EST December 07, 2016
British industrial output suffered its largest monthly drop in more than four years in October after the temporary shutdown of a major oilfield ONS official figures showed on Wednesday.

EURUSD leaves today an important lesson to forex traders

News by Simon Kazinsky on 13:20 EST December 05, 2016
Trade what you see not what it feels sensible or logical.

Euro collapse as Renzi Resigns After Losing Italian Referendum

News by Newsroom on 22:08 EST December 04, 2016
EURUSD hit 1.05 on early Monday morning trading as Italian PM Renzi lost the proposed constitutional reform referendum by a big margin.

US unemployment rate hits 4.6%

News by Allie Longford on 08:35 EST December 02, 2016
Unemployment in the US hit a low of 4.6% last month, way lower than the 4.9% expected.

Aussie up on better than expected retail sales

News by Newsroom on 22:01 EST December 01, 2016
Retail sales in Australia advanced a seasonally adjusted 0.5 percent on month in October, the Australian Bureau of Statistics said on Friday.

Pound blasts to three-week high after Brexit minister hints at EU market access

News by Allie Longford on 07:45 EST December 01, 2016
The British pound spiked up on Thursday above 1.26 against the US dollar setting a 3 weeks high as UK's Brexit minister David Davis said Britain would consider making payments to the EU budget in return for access to EU markets.

The trend is up for oil

News by Simon Kazinsky on 04:33 EST December 01, 2016
Oil has gained around 10% in less than 24 hours after the OPEC agreed on Wednesday to cut production for first time in eight years.

More problems, more money from the ECB

News by Allie Longford on 02:00 EST November 29, 2016
European Central Bank chair Mario Draghi stated on Monday that the bank will look for ways to maintain the current supply of monetary stimulus at its next meeting, on December the 8th.

Trump, stocks and the dollar, the impossible equation

News by Allie Longford on 04:46 EST November 24, 2016
It's now two weeks after the election of Trump as the next leader of the free world and nothing that was anticipated as the likely scenario in the, then, unlikely event of him winning has materialised in terms of stock markets and the dollar.

Draghi optimism lifts troubled euro

News by Allie Longford on 18:12 EST November 21, 2016
Mario Draghi said on Monday the eurozone is recovering at a “moderate to steady pace and unemployment is falling” while delivering remarks at the European Parliament in Strasbourg as MEPs debated monetary policy.

Pound sharply up on May key speech

News by Allie Longford on 10:13 EST November 21, 2016
The pound trades above 1.25 against the US dollar on Monday, up by almost 200 pips since the beginning of the forex trading week in Asia.

Strong retail sales in the UK

News by Allie Longford on 07:21 EST November 17, 2016
Very strong retail sales in the UK for the month of October surprised investors this morning as the Office for National Statistics released its latest data.

European bureaucrats in full panic mode over Trump

News by Allie Longford on 10:12 EST November 14, 2016
An emergency meeting was arranged over the weekend to align the common approach of EU members to Donald Trump's election as the new US president.

FED hike more likely as Michigan Consumer confidence strengthens and inflation expectactions rise

News by Newsroom on 13:11 EST November 11, 2016
After the US election all eyes will soon focus on the FED as it is likely to deliver a second rate hike this year at the last chance it has at its December meeting.

German inflation hits two year high

News by Newsroom on 03:39 EST November 11, 2016
The lartest EU economy saw its inflation rise to a two-year high in October according to data from Destatis released on Friday.

Post Trump shock: Dow Jones hits new highs but bonds slide

News by Allie Longford on 11:47 EST November 10, 2016
U.S. stocks rose on Thursday and the Dow Jones Industrial Average hitting a record, as investors continued to digest Donald Trump's unexpected win in the presidential election.

French industrial production in free fall

News by Newsroom on 04:34 EST November 10, 2016
French industrial production contracted faster than expected in September, statistics showed Thursday.

Stock indices around the world down by more than 5 per cent

News by Allie Longford on 01:36 EST November 09, 2016
... and the EURUSD well above 1.12. Gold is also a big winner spiking above $1,300/oz.

Money changes its mind on who will win in the last minutes

News by Allie Longford on 20:47 EST November 08, 2016
Stock futures and international indices retreating after Florida puts Trump ahead again by a small margin.

Clinton now ahead in key states Ohio and Florida

News by Allie Longford on 20:07 EST November 08, 2016
After a good start for Trump the results are tilting towards the Democrats.

The latino card may not play for Clinton

News by Allie Longford on 19:41 EST November 08, 2016
Trump takes the lead by 3% on early counting in Florida.

Euro, gold and oil pop and stocks down as first estates produce results

News by Allie Longford on 19:18 EST November 08, 2016
EURUSD pops 30 pips while gold gains $10/oz and oil push higher as first results start to come in.

Stocks blast higher as the odds of having an alleged corrupt politician in the White House increase

News by Allie Longford on 06:47 EST November 07, 2016
Stock futures blasted higher on Sunday evening shortly after the FBI confirmed that, after analysing new emails on Clinton aide's ex-husband laptop will not lead the organisation to press for charges against the candidate.

Non-Farm Employment Change, the final nail in the coffin

News by Newsroom on 08:39 EST November 04, 2016
After a horrendous week for stocks Non Farm Payrolls dissapoints on Friday.

Spanish new unemployment for October at its best since 2007

News by Newsroom on 04:44 EST November 03, 2016
October is always a month when employment is destroyed in the Spanish economy.

FED telegraphs December rate hike

News by Allie Longford on 03:10 EST November 03, 2016
The FOMC says the "case for an increase in the federal funds rate has continued to strengthen" in its latest statement released on Wednesday.

And so it begins, Dow loses support, gold spikes, dollar dumped

News by Allie Longford on 14:02 EST November 01, 2016
Just days after a new all time record in mega M&As the stock market starts tanking.

US construction spending falls in September

News by Allie Longford on 10:27 EST November 01, 2016
The Commerce Department said on Tuesday that construction spending slipped 0.4 percent after an upwardly revised 0.5 percent drop in August.

UK manufacturing PMI misses expectations while import costs rise

News by Newsroom on 06:15 EST November 01, 2016
The Markit/CIPS UK manufacturing purchasing managers index fell to 54.3 from 55.5 in September, marginally missing expectations of 54.4. Still, it remained well above its long term average of 51.5 and the 50 threshold signalling continuing expansion.